LIC Housing Finance Home Loan for Self Employed

LIC Housing Finance offers a comprehensive range of home loan services for self-employed individuals. With financial coverage of up to 90% of the property’s value, the LIC Housing Finance home loan for the self-employed ensures substantial financial assistance towards purchasing your dream home. These loans are accompanied by affordable LIC Housing Finance home loan interest rates for self-employed, making the financial burden more manageable.

A significant advantage of LIC Housing Finance home loan eligibility for self-employed is the comfortable repayment tenure, extending up to 20 years. This extended period allows for smaller, more manageable EMIs, which can be adjusted to fit various financial scenarios. The application process with LIC HFL is designed to be straightforward and hassle-free, with clear requirements for LIC Housing Finance home loan documents for self-employed, ensuring a smooth experience for all applicants, including those who are LIC Housing Finance home loan for non-salaried persons.

LIC Housing Finance Home Loan for Self-Employed – Highlights

Here are the main features of LIC Housing Finance home loan for self-employed individuals:

LIC Housing Finance Home Loan for Self-Employed – Fees and Charges

There are specific fees and charges associated with the LIC Housing Finance home loan for self-employed individuals:

LIC Housing Finance Home Loan for Self-Employed – Documents Required

Following are the LIC Housing Finance home loan documents required for self-employed people:

• KYC Documents: PAN Card, Aadhar Card, Passport or Proof of residence
• Address Proof: Aadhaar card, passport, driving license, telephone bill, ration card, election card, or any other document issued by a statutory authority.
• Income Proof: Bank statements for the last 6 to12 months / Last 3 years’ income tax returns, along with financials for self-employed or professionals
• Property Documents: Evidence of property’s ownership / Allotment letter of builder/society in case of a flat / Tax Paid Receipts.

LIC Housing Finance Home Loan for Self-Employed – Eligibility Criteria

The following are the LIC Housing Finance home loan eligibility for self-employed people:

• Business Stability: Must have operated a profitable business for at least two years.
• Credit Score: A minimum credit score of 600 is required to avail of the best LIC Housing Finance home loan interest rate for self-employed.
• Nationality: Open to both Indian citizens and Non-Resident Indians (NRIs).